Southern Tier Veterans Support Group Inc

Analysis

Southern Tier Veterans Support Group Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Tier Veterans Support Group Inc reported income of $198k and spending of $92k, leaving 54% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $231k to $198k (-14%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southern Tier Veterans Support Group Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include St Anne Village Inc ($198k), Faith N Hope International Ministry ($198k) and New Englanders Helping Our Veterans ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $465k against liabilities of $0, net assets of $465k.